Over 80% of all M1 dollars that have ever existed were printed since 2020.
Discussion
Horrifying
M1 is just the top of the iceberg.
See the M3 figure to see more of it.
btw, I was reading about this, the growth in M1 in 2020 involved a reclassification moving savings deposits and money market funds from M2 into M1: https://fredblog.stlouisfed.org/2021/01/whats-behind-the-recent-surge-in-the-m1-money-supply/
That is nuts.
And they will have to print twice as much next time.
What is the difference between increasing the money supply and artificially increasing the value? Aren't both just adding 0's, while the economy only gets worst?
Im curious what the canadian stats are on this?
Not as drastic but still spike 2020: